Quantified Managed Correlations

QBDAX Fund

USD 8.18 0.03 0.37%

The current 90-days correlation between Quantified Managed Income and Legg Mason Partners is 0.31 (i.e., Weak diversification). The correlation of Quantified Managed is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Quantified Managed Correlation With Market

Almost no diversification

The correlation between Quantified Managed Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Managed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantified Managed Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Quantified Mutual Fund

0.74	SAPEX	Spectrum Advisors	Pair Corr
0.79	OTRFX	Ontrack E Fund	Pair Corr
0.64	OTRGX	Ontrack E Fund	Pair Corr
0.86	SUNBX	Spectrum Unconstrained	Pair Corr
0.71	QMLAX	Quantified Market Leaders	Pair Corr
0.72	QMLFX	Quantified Market Leaders	Pair Corr
0.83	SVARX	Spectrum Low Volatility	Pair Corr
0.94	QRDTX	Quantified Rising	Pair Corr
0.87	QALAX	Quantified Alternative	Pair Corr
0.87	QALTX	Quantified Alternative	Pair Corr
0.84	QSPMX	Quantified Pattern	Pair Corr
0.72	QSTAX	Quantified Stf	Pair Corr
1.0	QBDSX	Quantified Managed Income	Pair Corr
0.93	QCGDX	Quantified Common Ground	Pair Corr
0.93	QCGAX	Quantified Common Ground	Pair Corr
0.79	QEVOX	Quantified Evolution Plus	Pair Corr
0.7	QGBLX	Quantified Global	Pair Corr
0.77	QGLDX	Gold Bullion	Pair Corr
0.78	QGLCX	Gold Bullion	Pair Corr
0.91	KAMAX	Kensington Managed Income	Pair Corr
0.92	KAMCX	Kensington Managed Income	Pair Corr
0.9	KAMIX	Kensington Managed Income	Pair Corr
0.89	FASIX	Fidelity Asset Manager	Pair Corr
0.89	FTIWX	Fidelity Asset Manager	Pair Corr
0.88	FTDWX	Fidelity Asset Manager	Pair Corr
0.88	FTAWX	Fidelity Asset Manager	Pair Corr
0.88	FIKVX	Fidelity Asset Manager	Pair Corr
0.88	FTCWX	Fidelity Asset Manager	Pair Corr
0.91	VASIX	Vanguard Lifestrategy	Pair Corr
0.88	PFIPX	Strategic Asset Mana	Pair Corr
0.8	GAAKX	Gmo Alternative Allo	Pair Corr
0.8	GAAGX	Gmo Alternative Allo	Pair Corr
0.8	GPBFX	Gmo E Plus	Pair Corr
0.83	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Quantified Mutual Fund

0.68

QFITX

Quantified Tactical Fixed

Pair Corr

Related Correlations Analysis

	TMSRX	EMSLX	ANGCX	LCSAX	RECIX	APDOX	QLMETX
TMSRX		0.08	-0.04	-0.64	0.04	-0.11	-0.27	TMSRX
EMSLX	0.08		0.92	0.45	0.86	0.92	-0.68	EMSLX
ANGCX	-0.04	0.92		0.45	0.87	0.94	-0.48	ANGCX
LCSAX	-0.64	0.45	0.45		0.4	0.53	-0.24	LCSAX
RECIX	0.04	0.86	0.87	0.4		0.94	-0.53	RECIX
APDOX	-0.11	0.92	0.94	0.53	0.94		-0.53	APDOX
QLMETX	-0.27	-0.68	-0.48	-0.24	-0.53	-0.53		QLMETX
	TMSRX	EMSLX	ANGCX	LCSAX	RECIX	APDOX	QLMETX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APDOX	+ 0.94	ANGCX
APDOX	+ 0.94	RECIX
ANGCX	+ 0.92	EMSLX
APDOX	+ 0.92	EMSLX
RECIX	+ 0.87	ANGCX
RECIX	+ 0.86	EMSLX

High negative correlations

QLMETX	- 0.68	EMSLX
LCSAX	- 0.64	TMSRX
QLMETX	- 0.53	APDOX
QLMETX	- 0.53	RECIX
QLMETX	- 0.48	ANGCX
QLMETX	- 0.27	TMSRX

Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified Managed Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Quantified Managed's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TMSRX	0.12	(0.03)	0.00	(0.32)	0.00	0.00	0.23	(0.34)	2.16
EMSLX	1.00	0.38	0.32	0.84	0.50	(1.15)	2.05	(1.66)	19.48
ANGCX	0.07	0.01	(0.58)	0.89	0.00	(0.15)	0.12	(0.12)	0.58
LCSAX	0.41	0.02	(0.07)	1.12	0.60	(0.43)	0.94	(0.92)	4.23
RECIX	0.85	0.26	0.25	0.43	0.54	(0.98)	2.02	(1.42)	11.71
APDOX	0.10	0.07	(0.07)	1.76	0.00	(0.15)	0.28	(0.18)	0.56
QLMETX	0.67	(0.11)	0.00	(0.11)	0.00	0.00	1.04	(1.11)	12.98

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